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Bank guarantee

Contract between a bank as guarantor and a beneficiary in which the bank commits itself to pay a certain sum under certain, specified conditions. Thus, a demand guarantee is one in which the bank agrees to pay against the simple written demand of the beneficiary.

News On Bank guarantee
Dispose off plea on cap of fixed power charge: HC to Govt

09-04-2015| Source:PTI

The bench also extended till April 17, the date by which the JV has to submit a bank guarantee of Rs 544.97 crore as well as a payment of about Rs 108 crore under the Coal Mines Development

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